daveandrae’s Activity

Wed Mar 26

Article Comment

daveandrae commented on an article. 6:09 PM

One-Sentence Financial Rules

67. There is absolutely, positively, no correlation whatsoever between "Investment performance" and Investor Return. In fact, when juxtaposed, the two are wildly diametrical.

Thu Mar 13

Article Comment

daveandrae commented on an article. 11:12 PM

Warren Buffett's Favorite Market Indicator Shows the Stock Market Is Overvalued

Not only do you trigger taxation and two sets of transactions costs when you decide to sell, for at some point you must get back in, but alternative investments (bonds and cash) are even more expensive than equities.

[more]

Mon Mar 10

Article Comment

daveandrae commented on an article. 9:45 PM

The Bull at 5: Where Do Stocks Go From Here?

Blah, blah, blah.

If you think stocks are expensive, try looking at bonds, which are even more expensive and yield nothing after inflation and taxation. If you think both stocks and bonds are expensive, look at

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Sat Mar 8

Article Comment

daveandrae commented on an article. 8:21 AM

Things You Can Do That Wall Street Can’t

Another advantage is concentration. A portfolio of 5 high quality stocks that you know a lot about is plenty of diversification.

Tue Feb 25

Article Comment

daveandrae commented on an article. 5:00 PM

The Best Way to Learn As an Investor

Mistakes are a part of the investment process.

Over time, you will find that your error rate goes down not by admission, but by omission.

Article Comment

daveandrae commented on an article. 2:33 PM

"Where Are the Customers' Yachts?"

^

Nonsense.

Complete, unadulterated, poppycock.

Over the last sixteen years, I've grown my then five figure investment portfolio, fees included, mistakes and all, at an

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Mon Feb 24

Article Comment

daveandrae commented on an article. 11:45 PM

"Where Are the Customers' Yachts?"

@jordanwi-

I am not a financial advisor.

I manage my own investment portfolio and no one else's. Nor am I a disciple of Morgan's. I simply question the things I read. Especially when what

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Sat Feb 22

Article Comment

daveandrae commented on an article. 4:52 PM

"Where Are the Customers' Yachts?"

Please...

My financial assets were never, EVER, at risk anytime during the nineteen years that I have banked at Merrill Lynch.

Obviously, you weren't banking there during the debacle of

[more]

Article Comment

daveandrae commented on an article. 1:52 PM

"Where Are the Customers' Yachts?"

^

Rubbish.

Hell, the whole damn country nearly went down the toilet in 2009. In spite of that fact, Merrill Lynch's aggregate services to me, and my family over the last nineteen years have

[more]

Article Comment

daveandrae commented on an article. 12:10 PM

"Where Are the Customers' Yachts?"

^

That's the silliest post that I've read so far on this topic. Once again, the annualized rate of return of individual investors over the last twenty years is a whopping 3% compared to s&p 500's 9%. Thus

[more]

Article Comment

daveandrae commented on an article. 12:29 AM

"Where Are the Customers' Yachts?"

It should also be noted that the 2014-1994 annualized rate of return from the s&p 500 is right around 9%.

Over that same time period, the aggregate, annualized rate of return from Individual Investors is

[more]

Article Comment

daveandrae commented on an article. 12:01 AM

"Where Are the Customers' Yachts?"

^

Once again, I am extremely skeptical of your naive opinion.

Not only did my Father in law choose to go it at a "discount," and yet still sold out, in a panic, at Dow 8000 in

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Fri Feb 21

Article Comment

daveandrae commented on an article. 10:24 PM

"Where Are the Customers' Yachts?"

After almost sixteen consecutive years in this business, I am, very, skeptical of this article.

The last five years have been paradise. A monkey could have thrown darts at the NYSE and still made money without

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